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  • Union Mutual Fund launches equity savings fund, offer to end July 30

    19 July, 2018 1:40 PM 37

    The scheme will invest in a combination of diversified equity and equity related instruments, arbitrage and derivative strategies Union Mutual Fund has launched the Union Equity Savings Fund, an open-ended scheme investing in equity, arbitrage and debt, a press release from the fund house stated. The scheme will invest in a combination of diversified

  • Casa Grande PropCare eyes Rs 200 Cr topline by 2020

    19 July, 2018 1:25 PM 40

    The city-based intgrated facility management company would also look at expansion in Bengaluru and Hyderabad. Casa Grande PropCare, a subsidiary of city-based realtor Casagrand Builder Pvt Ltd has set a target of generating topline of Rs 200 crore by 2020. The city-based integrated facility management company would also look at expansion in Bengaluru

  • Govt to hold discussion with stakeholders on social media

    19 July, 2018 1:00 PM 33

    Prasad said this in the Rajya Sabha in response to a suggestion in this regard by Chairman M Venkaiah Naidu, after several members expressed concern over the misuse of the social media and the lynching incidents. Law and IT Minister Ravi Shankar Prasad today said he will hold discussion with stakeholders, including political parties, to evolve a policy

  • Shiv Sena to back Modi govt in tomorrow's no-trust vote

    19 July, 2018 12:45 PM 39

    Shiv Sena will vote in favour of the BJP-led government during the opposition-sponsored no-confidence motion in Lok Sabha tomorrow, a source close to party chief Uddhav Thackeray said. "We will support the BJP. A formal announcement may be made by this evening," the source told PTI here today. The motion will be the first since the BJP-led NDA government

  • Buy Mindtree; target of Rs 1115: HDFC Securities

    19 July, 2018 12:02 PM 33

    Mindtree posted robust revenue and lower operating performance. Revenue came at USD 242mn, 6.8/20.7% QoQ/YoY supported by growth in Digital (47.5% of rev), which grew 12.6/35.5% QoQ/YoY. EBITDA% stood at 14.1%, -200bps QoQ impacted by wage increase (-270bps QoQ) and higher SG&A (visa cost and higher CSR). APAT came at Rs 1.58bn, -6.7% QoQ. EPS est unchanged

  • Moneyshastra with Devdutt Pattanaik

    19 July, 2018 11:41 AM 32

    This video series talks about the economics of temple culture and the discipline of the economics of religion. In this chapter, we explain the economics of religion and its origin. The difference between economic culture and religious culture comprises of a variety of sub-fields which collectively comprise of all aspects of the social scientific study

  • Exploring opportunities to work with local govt, communities in Australia: Ola

    19 July, 2018 11:10 AM 35

    Bengaluru-based ride hailing app Ola today said it is exploring opportunities with local governments and communities in Australia to invest in smarter transport infrastructure. The company, which launched its services in Australia in February this year, said it has facilitated over 1.5 million rides and onboarded more than 40,000 driver-partners within

  • We're at war with China, says Donald Trump's former adviser Steve Bannon

    19 July, 2018 10:50 AM 51

    Steve Bannon, former adviser to US President Donald Trump, said on Wednesday that "We're at war with China, we're winning". Bannon was speaking at CNBC's Delivering Alpha event. Bannon was the adviser to Trump for implementing his nationalist agenda. The proposed policies like cracking down on illegal immigration into the US, introducing tariffs on China

  • Saudi Aramco in talks with sovereign wealth fund PIF to buy SABIC stake

    19 July, 2018 10:05 AM 35

    Aramco and PIF are in early stage talks about a potential private sale and there is no certainty the transaction would complete, they said in separate statements. Saudi Aramco is in early talks to acquire a stake in Saudi Basic Industries Co (SABIC) from the Public Investment Fund (PIF), the oil giant and Saudi Arabian sovereign wealth fund said on Thursday

  • Hindalco tanks 8% on buzz of Aleris acquisition worth $2.5 billion

    19 July, 2018 8:45 AM 66

    Shares of Hindalco lost around 8 percent on Thursday afternoon after reports emerged that it is likely to acquire Aleris for USD 2.5 billion. According to sources to CNBC-TV18, the company and its Canadian arm, Novelis, is in process of raising debt for the said deal. Investors may have taken note of this point as the firm already has a consolidated